According to the data, as of the press release of the reporter on January 12, 262 A-share listed companies had disclosed the annual performance forecast of 2021, and 226 companies were pre happy (including pre increase, slight increase, continued profit and loss, the same below), accounting for more than 86%. From the perspective of reasons, the increase of product prices and the increase of production and sales brought by the gradual operation of new production capacity jointly promoted the overall performance growth of listed companies.
The net profit of 72 companies doubled
The performance forecast of Listed Companies in 2021 is being accelerated. On January 12 alone, 23 listed companies were released on the same day. The data show that among the 226 companies whose performance is expected to be happy, 138 companies have increased in advance, 62 companies have increased slightly, 12 companies have reversed their losses and 14 companies have continued to make profits, accounting for 86.26% in total.
In terms of net profit, the performance of many listed companies increased significantly in 2021. 45 listed companies, including China Mobile, Citic Securities Company Limited(600030) , Hoshine Silicon Industry Co.Ltd(603260) , Tongwei Co.Ltd(600438) , etc., predict that the lower limit of net profit (net profit attributable to shareholders of listed companies, the same below) in 2021 is more than 1 billion yuan; In addition, 31 listed companies such as China Baoan Group Co.Ltd(000009) , Yanan Bicon Pharmaceutical Listed Company(002411) , Shenzhen Jinjia Group Co.Ltd(002191) predict that the lower limit of net profit will reach 500 million yuan in 2021.
China Mobile ranks first among Chinese listed companies with a lower limit of forecast net profit of 114.307 billion yuan. On January 5 this year, China Mobile officially completed its listing back to a. Followed by Citic Securities Company Limited(600030) , the lower limit of predicted net profit was 17.645 billion yuan, with a year-on-year increase of 18.41%. Citic Securities Company Limited(600030) said that China’s economy overcame the impact of the epidemic, continued to improve, the capital market developed vigorously, and the company’s businesses developed balanced and steadily in 2021.
It is worth noting that many listed companies expect a significant increase in net profit in 2021. According to the data, excluding the loss turning companies, a total of 153 listed companies are expected to have a lower limit of net profit growth of more than 30% in 2021; 72 companies are expected to exceed 100%, that is, to “double” their net profit; In addition, there are seven listed companies, including Inner Mongoliayuan Xing Energy Company Limited(000683) , Jiangsu Yida Chemical Co.Ltd(300721) , Shenzhen Dynanonic Co.Ltd(300769) , with a year-on-year growth limit of more than 10 times.
Inner Mongoliayuan Xing Energy Company Limited(000683) the forecast net profit of Listed Companies in 2021 is temporarily listed as the highest growth. Its performance forecast shows that the net profit in 2021 is expected to be about 4.85 billion yuan to 5.05 billion yuan, with a year-on-year increase of 7022.3% to 7316.0%. As for the main reasons for the performance change, Inner Mongoliayuan Xing Energy Company Limited(000683) said that the company’s soda ash and urea production units operated efficiently, and the average sales price of leading products increased significantly compared with the previous year; The contribution of the coal sector to the company’s profits increased significantly over the previous year.
Some listed companies also have poor performance. Nine companies including Shenyang Jinshan Energy Co.Ltd(600396) , Baiji Shenzhou, Shanghai Electric Power Co.Ltd(600021) , Zhejiang Zheneng Electric Power Co.Ltd(600023) disclosed different degrees of losses in the performance forecast. According to the announcement of Shenyang Jinshan Energy Co.Ltd(600396) , the net profit attributable to shareholders of Listed Companies in 2021 is expected to be – 1.8 billion yuan to – 2.038 billion yuan, a year-on-year decrease of about 1.882 billion yuan to 2.12 billion yuan. Based on this calculation, Shenyang Jinshan Energy Co.Ltd(600396) the proportion of net profit shrinkage in 2021 will reach at least 2295.12%. The company said that it was mainly affected by external factors, and the costs of power generation and heating were inverted during the reporting period. Subsequently, Shenyang Jinshan Energy Co.Ltd(600396) received the inquiry letter from Shanghai Stock Exchange.
outstanding performance of chemical and power equipment
In terms of industry, listed companies in basic chemical industry, petroleum and petrochemical industry, power equipment and some pharmaceutical and biological industries performed the best in 2021. According to incomplete statistics by the reporter of economic information daily, from the perspective of the lower limit of predicted net profit, among the top 20 listed companies, 6 belong to basic chemical industry and 2 belong to power equipment; From the lower limit of the year-on-year increase in the predicted net profit, among the top 20 listed companies, 8 belong to basic chemical industry and 3 belong to power equipment. Enterprises in the basic chemical industry Inner Mongoliayuan Xing Energy Company Limited(000683) and Jiangsu Yida Chemical Co.Ltd(300721) rank among the top two in terms of performance growth.
The increase of product price has become the main reason for the high performance of the chemical industry. In addition to Inner Mongoliayuan Xing Energy Company Limited(000683) , Jiangsu Yida Chemical Co.Ltd(300721) also proposed in the announcement that the prices of the company’s alcohol ether and alcohol ether ester series products are at a high level, and the company’s sales revenue has increased significantly compared with the same period last year. Yunnan Yuntianhua Co.Ltd(600096) also said that with the recovery of China’s economy, the market price of chemical products of polyoxymethylene, yellow phosphorus and calcium feed companies has increased. Jiangsu Huachang Chemical Co.Ltd(002274) said that in addition to the impact of the base, the reasons for the high increase in performance also include the effective release of operating performance and the rise in product prices during the reporting period.
For the power equipment industry, the production and sales growth brought by the gradual production of new capacity has strongly boosted the performance. Shenzhen Dynanonic Co.Ltd(300769) pointed out in the announcement that during the reporting period, the company’s new production capacity was released, and the production and sales volume increased significantly compared with 2020; The rise in the price of upstream raw materials and tight supply and demand in the lithium iron phosphate market have driven the rise in the price of the company’s products. Shenzhen Dynanonic Co.Ltd(300769) it is predicted that the net profit will be about 760 million yuan to 830 million yuan in 2021, a year-on-year increase of more than 27 times. The Ningbo Ronbay New Energy Technology Co.Ltd(688005) announcement also said that driven by the high demand of downstream customers, the new production capacity of the company was accelerated, and the annual sales volume doubled year-on-year.
With the annual report season approaching, institutions have explored investment opportunities. China Merchants Securities Co.Ltd(600999) said in the research report that the annual report performance forecast was intensively disclosed in late January, and the areas exceeding expectations are often the key areas of the market in January; According to the performance forecast of the annual report, the listed companies of resources, new energy and TMT are expected to have good performance, and investors will consider the key layout in January.
Bohai Securities also believes that industries with greater marginal improvement in the first quarter report are more likely to obtain relative income, and industries with less obvious improvement in the fourth quarter report are more likely to obtain the layout of funds. It believes that in the process of cross-year market, we can focus on steel, real estate industry chain including building materials and architectural decoration, big finance including banks and securities companies, and consumer sectors including household appliances, medicine and biology, food and beverage and leisure services.
Ping An Securities said that the performance of the industry at the beginning of the year has no obvious correlation with the performance of the whole year. The structural market at the beginning of the year depends on the market’s expectation of the future prosperity of the industry, and the performance of the whole year depends on whether the expectation at the beginning of the year is confirmed in the subsequent performance.
